NCRC Reacts to Final Affordable Housing Goals Issued by Federal Housing Finance Agency

Washington, DC – Today, in response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement:

“The affordable housing goal rule announced by FHFA today falls short of what will be needed to ensure that all creditworthy Americans have access to mortgages. At a time when many working Americans face unnecessary barriers to becoming homeowners, this is a lost opportunity.”

“Fannie Mae and Freddie Mac have enormous potential to lead the market on access to credit for low- and moderate-income families, and truly make a positive difference. Unfortunately FHFA has not set the goals for Fannie and Freddie to better serve working families and underserved communities.”

In October of 2014, NCRC sent a comment letter to FHFA calling upon the agency to set a low-income purchase goal target of at least 28%. The final rule announced today includes a 24% goal. NCRC had also called upon the agency to set goals for only two years rather than three.

NCRC opposed the Johnson-Crapo GSE reform legislation and led the effort to preserve the affordable housing goals. A full list of NCRC’s statements and policy papers on housing finance reform can be found here.


About the National Community Reinvestment Coalition (NCRC): The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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